May Not Make Profit In Future, Warns PayTm On $2.2 Billion IPO
NDTV
Paytm is backed by the Ant Group of Chinese tycoon Jack Ma, which holds a nearly 30 percent stake, along with Masayoshi Son's Softbank Vision Fund, Berkshire Hathaway and other high-profile investors.
Digital payments pioneer Paytm on Friday took a major step towards launching country's biggest initial public offering, telling regulators that it would seek to sell $2.2 billion in shares. The offering is the latest in a wave of IPOs in the country, with food delivery firm Zomato this week raising $1.3 billion. Paytm is backed by the Ant Group of Chinese tycoon Jack Ma, which holds a nearly 30 percent stake, along with Masayoshi Son's Softbank Vision Fund, Berkshire Hathaway and other high-profile investors. Founder and chief executive Vijay Shekhar Sharma, who has a net worth of $2.3 billion according to Forbes, holds just under 10 percent of the company.
Voting for the 288 seats in the Maharashtra Assembly - the last major election this year - took place in a single phase on Wednesday; the majority mark is 145.
The AAP surprised many by releasing an early-bird first list of 11 candidates - of whom three are recent joinees from the Congress and three from the BJP - for next year's Delhi Assembly election.
The builder said he got a video call from a man wearing a police uniform who claimed to be an officer from the Narcotics Control Bureau.
This tragedy is not an isolated incident, but emblematic of the broader devastation wrought by the ongoing conflict in Manipur
Senior police officer Dinesh P told the media that Katyal misused his contacts at St Stephen's and the connections he made during his stint in corporate affairs to drop names
Ajita Pandey, is a snake rescuer from Bilaspur, India. She has saved thousands of snakes, spreading awareness about their ecological value.
A Delhi court had issued an attachment order against Bikaner House in favour of Enviro Infra Engineers Pvt Ltd. The recovery amount from this heritage property is Rs 50 crore
Adani Group has asserted that these were mere allegations and must be seen only as that. It also said it would explore a legal course of action.
Telangana Chief Minister Revanth Reddy has ordered a thorough probe into the incident that occurred at Maganoor Zilla Parishad Government High School and sought a detailed report.
The Squirrel Cage Jail, an architectural marvel, is one of only three remaining revolving jails in the US, and it’s renowned for its eerie and unsettling design.
The possible involvement of an outsider in releasing the snake inside the train's coach is among the angles being investigated.